The NIFTY opened at 19027.25 with a gap down of 95 points. The index continued its prevailing downward move and started sliding sharply from its opening tick. Nifty Watch The Micro Picture. The decline continued till the afternoon and then prices started finding support around 18850. The index moved sideways which continued till the end. Prices have recorded its intraday high at 19041.70 in the morning, its intraday low at 18837.85 towards the end, and 18857.25 with a loss of 264.90 points or 1.39% down. All the sectoral indices have moved down and closed with a loss. The decline was almost equally distributed as each sectoral indices lost over 1% except FMCG. The long-term trend is down now while the long-term momentum has moved down from the strength zone and is heading lower. Since the trend is down we should look for shorting opportunities only as far as prices are moving below the 19000 mark. For buying opportunities, we should first wait for this decline to take a pause.


The BANK NIFTY opened at 42708.40 with a gap down of 140 points. The index continued its prevailing downtrend and drifted downward from its opening tick after recording its intraday high at 42716.20. Prices moved down till the afternoon, found support around 42100, and then started a consolidation process. The consolidation lasted till the end, prices recorded its intraday low at 42105.40 and finally closed at 42288.15 with a loss of 560 points. PSU and PVT BANK, both indices have performed almost the same, saw a sharp downside move, and closed with a loss of about 1%. Within the index, in terms of points AXIS BANK contributed the highest on the upside followed while HDFC BANK contributed the least. The short-term trend is down now as the index has broken down decisively its another support level of around 42500. Prices closed lower for the sixth consecutive trading day. It is possible that we may see a pause or a consolidation soon. However, we should look for shorting opportunity only as far as prices are moving below 42500 levels


CAN FIN HOMES 719.80 BUY The stock is about to give a breakout on the intraday and the daily chart. The stock can be bought above 722.35 with a stop loss of 715.40 and a target of 736.20.
TATA STEEL 119.90 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 119.20 with a stop loss of 120.15 and a target of 117.30.


Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
IBULHSGFIN.23.11 Nov 156.2 -0.73 21.19 52157700
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
MOTHERSON.23.11 Nov 91.85 0.22 -93.22 2811600 DELTACORP.23.11 Nov 127.4 -5.63 -41 2522800
AXISBANK.23.11 Nov 972.05 1.58 -92.92 1260625 RBLBANK.23.11 Nov 216.05 -4.66 -50.25 9005000
TRENT.23.11 Nov 2035.25 2.21 -91.88 64400 BERGEPAINT.23.11 Nov 539.15 -4.55 -47.93 927960
ADANIPORTS.23.11 Nov 769.2 0.21 -91.03 964000 JUBLFOOD.23.11 Nov 507.3 -4.27 -39.5 3518750
INDIACEM.23.11 Nov 209.85 1.06 -90.27 846800 HDFCAMC.23.11 Nov 2708.75 -3.98 -69.9 459300

Top Delivery Percentage

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Crompton Greaves Consume 287.65 1.12 1978362 2981761 74.05 Nifty50 18857.25 -1.39 42597437
Mah & Mah Ltd. 1506.1 -4.02 3343802 1814824 72.28 Niftybank 42280.15 -1.29 18990985
Hindustan Unilever Ltd 2476.4 -0.04 2650560 1030593 71.78 Nifty it 30225.65 -1 1398350
Godrej Cons Products Ltd 963.8 -1.15 652068 514516 71.4 India Vix 11.73 3.71 680012114
Hdfc Bank Ltd. 1463.4 -2.21 27780899 10078087 71.19 Nifty Fmcg 50941.1 -0.54 596471
Dabur India Ltd. 508.45 -1.82 2400780 1423286 70.65 Nifty Pharma 14648.55 -1.02 54891884
Bharti Airtel Limited 905.5 -1.85 6595332 4424390 69.51 Nifty Realty 571.85 -1.2 1406492118
Ntpc Limited 231.65 -0.17 17410264 16606531 69.34 Nifty Auto 15953.05 -1.59 50289808
Larsen & Toubro Limited 2864.6 -1.77 3286109 1428452 67.75 Nifty Metal 6398.05 -1.62 125438338
Apollo Hospitals Ltd 4760.3 -2.05 836962 605077 67.66 Nifty Financial Services 18922.7 -1.57 7018237

Upcoming Economic Data

   Domestic                                                                                                                                                  International
INR: FX Reserves, USD on 27th October, 2023

INR: Infrastructure Output (YoY) (Sep) , USD on 31st October, 2023

USD: Core PCE Price Index (MoM) (Sep) on 27th October, 2023

USD: CB Consumer Confidence (Oct) on 31st October, 2023

News Updates

  • Indian equity indices fell more than 1 percent and extended the losing streak for the sixth consecutive session on October 26. At close, the Sensex was down 900.91 points or 1.41 percent at 63,148.15, and the Nifty was down 264.90 points or 1.39 percent at 18,857.30. About 1211 shares advanced, 1943 shares declined, and 101 shares unchanged.

  • Colgate Palmolive (India) Ltd, on October 26 reported a consolidated net profit of Rs 340.05 crore for the second quarter of the financial year 2023-24, up 22.31 percent from Rs 278.02 crore in the year-ago period. The company reported an 6.09 percent YoY (year-on-year) rise in consolidated revenue from operations at Rs 1,462.38 crore against Rs 1,378.37 crore a year ago.

  • Asian Paints on October 26 reported a consolidated net profit of Rs 1,232.39 crore for the second quarter of the financial year 2023-24, up 53.31 percent from Rs 803.83 crore in the year-ago period. Sequentially the profit was down 21.74 percent. The paint manufacturer reported an 0.03 percent year-on-year (YoY) up in consolidated revenue at Rs 8 ,478.57 crore in the September quarter against Rs 8,457.57 crore in the year-ago period.

Source: Economic Times,  Indian Express, Business Today, Livemint, Business Standard, Bloomberg Quint

Board Meetings

Company Name Purpose Meeting Date Company Name Purpose Meeting Date
3IINFOTECH General;Quarterly Results 27-Oct-23 FAMILYCARE Quarterly Results 27-Oct-23
ABCGAS Quarterly Results 27-Oct-23 GESHIP Quarterly Results;Interim Dividend 27-Oct-23
ADVIKCA General;Quarterly Results 27-Oct-23 GNA Quarterly Results 27-Oct-23
ALPSINDUS Quarterly Results 27-Oct-23 GOLDCOINHF Quarterly Results 27-Oct-23
ARYAN General;Quarterly Results 27-Oct-23 GOODYEAR Quarterly Results 27-Oct-23
ASTEC General;Quarterly Results 27-Oct-23 HEUBACHIND Quarterly Results 27-Oct-23
BAJAJFINSV Quarterly Results 27-Oct-23 HRMNYCP General;Quarterly Results 27-Oct-23
BAJAJHLDNG Quarterly Results 27-Oct-23 HYPERSOFT Quarterly Results 27-Oct-23
BLUEDART Quarterly Results 27-Oct-23 ICL General;Quarterly Results 27-Oct-23
BNHOLDINGS Quarterly Results 27-Oct-23 INDERGR General 27-Oct-23
BPCL Quarterly Results 27-Oct-23 INDHOTEL Quarterly Results;Preferential Issue of shares 27-Oct-23
CARBORUNIV Quarterly Results 27-Oct-23 INDIAMART Quarterly Results;Audited Results 27-Oct-23
CHEMOPH Quarterly Results 27-Oct-23 INDOSTAR Quarterly Results 27-Oct-23
CIPLA Quarterly Results 27-Oct-23 INOXGREEN General;Quarterly Results 27-Oct-23
CORDSCABLE Quarterly Results 27-Oct-23 INOXWIND Quarterly Results 27-Oct-23
COSMOFE Quarterly Results 27-Oct-23 INTELLECT Quarterly Results 27-Oct-23
CUB Quarterly Results 27-Oct-23 INTENTECH General;Quarterly Results 27-Oct-23
CYBERTECH Quarterly Results;Preferential Issue of shares 27-Oct-23 IOB Quarterly Results 27-Oct-23
DBSTOCKBRO Quarterly Results 27-Oct-23 IONEXCHANG Quarterly Results 27-Oct-23
DRONACHRYA Half Yearly Results 27-Oct-23 IRB Quarterly Results;Interim Dividend 27-Oct-23
DRREDDY Quarterly Results 27-Oct-23 IWEL Quarterly Results 27-Oct-23
DWARKESH Quarterly Results 27-Oct-23 JASCH Quarterly Results 27-Oct-23

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
ASTRAL 27-Oct-23 Interim Dividend – Rs. – 1.5000 CYIENT 01-Nov-23 Interim Dividend – Rs. – 12.0000
AURIONPRO 27-Oct-23 E.G.M. IRBINVIT 01-Nov-23 Income Distribution (InvIT)
BCLIL 27-Oct-23 Stock  Split From Rs.10/- to Rs.1/- NESTLEIND 01-Nov-23 Interim Dividend – Rs. – 140.0000
ICICIGI 27-Oct-23 Interim Dividend – Rs. – 5.0000 ABHIJIT 02-Nov-23 E.G.M.
ISEC 27-Oct-23 Interim Dividend – Rs. – 12.0000 BEPL 02-Nov-23 Interim Dividend – Rs. – 1.0000
JSL 27-Oct-23 Interim Dividend – Rs. – 1.0000 CANTABIL 02-Nov-23 Stock  Split From Rs.10/- to Rs.2/-
LTIM 27-Oct-23 Interim Dividend – Rs. – 20.0000 COFORGE 02-Nov-23 Interim Dividend – Rs. – 19.0000
LTTS 27-Oct-23 Interim Dividend – Rs. – 17.0000 HINDUNILVR 02-Nov-23 Interim Dividend – Rs. – 18.0000
SHASHIJIT 27-Oct-23 Stock  Split From Rs.10/- to Rs.2/- KAJARIACER 02-Nov-23 Interim Dividend – Rs. – 6.0000
SPITZE 27-Oct-23 Bonus issue 1:1 LAURUSLABS 02-Nov-23 Interim Dividend – Rs. – 0.4000
SVRL 27-Oct-23 Bonus issue 1:1 SHAREINDIA 02-Nov-23 Interim Dividend – Rs. – 3.0000
TALBROAUTO 27-Oct-23 Stock  Split From Rs.10/- to Rs.2/- TECHM 02-Nov-23 Interim Dividend – Rs. – 12.0000
HAPPSTMNDS 30-Oct-23 Interim Dividend – Rs. – 2.5000 ASIANPAINT 03-Nov-23 Interim Dividend
RKFORGE 30-Oct-23 Interim Dividend – Rs. – 1.0000 BNALTD 03-Nov-23 E.G.M.
UNJHAFOR 30-Oct-23 E.G.M. EMBASSY 03-Nov-23 Income Distribution RITES
BALKRISIND 31-Oct-23 Interim Dividend – Rs. – 4.0000 NTPC 03-Nov-23 Interim Dividend
DRAGARWQ 31-Oct-23 Interim Dividend – Rs. – 2.5000 RAILTEL 03-Nov-23 Interim Dividend
ELECON 31-Oct-23 Interim Dividend – Rs. – 1.0000 ROUTE 03-Nov-23 Interim Dividend
SASKEN 31-Oct-23 Interim Dividend – Rs. – 12.0000 SYMPHONY 03-Nov-23 Interim Dividend
STYRENIX 31-Oct-23 Interim Dividend – Rs. – 22.0000 UJAAS 03-Nov-23 Resolution Plan -Suspension
TIPSINDLTD 31-Oct-23 Interim Dividend – Rs. – 2.0000 COLPAL 06-Nov-23 Interim Dividend
AUTOINT 01-Nov-23 E.G.M. IRB 06-Nov-23 Interim Dividend

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